Arsenal chief executive Ivan Gazidis: We have ‘substantial’ resources to spend

Gunners chief exec promises club's fans that the club will be able to rival Europe's top spending rivals when the right targets are identified by manager Arsene Wenger

By Alex Fisher

Jul 18, 2011 7:06:00 PM 

Arsenal chief executive Ivan Gazidis has promised the clubs fans that the club has 'substantial funds' to ensure more new arrivals at the club this summer.

The Gunners fans have seen Gervinho and Carl Jenkinson arrive at the Emirates Stadium this summer and Gazidis admitted further targets had been highlighted by Arsene Wenger.

"We still will be active in this window,” Gazidis told the club’s official website. “We haven't finished our business at all. We're just not conducting it publicly; we're working hard privately.

“I'm was out in Asia because I could be with Arsene for an extended period of time and think very, very carefully about strategy and targets.”

There has been lots of talk about departures from the club this summer, with Samir Nasri and Cesc Fabregas continually rumoured to be leaving, but Gazidis revealed that they were determined to improve the weaker areas of their squad.

“We understand where the weaknesses have been,” he continued. “Financially we're in a strong position, we have resources to spend.

“We're certainly not sitting there saying ‘let's hold back on our resources’ for some reason, why would we?”

Fans have seen rivals Manchester United and Liverpool strengthen their squads with big money signings already this summer but Gazidis reassured fans everyone at the club were focused on developing the squad further.

“The resources are there,” he added. "We've got a substantial amount of money that we can invest.

“The important thing for us, which can be frustrating, is not doing it only in response to a public clamour but in a way that can positively impact our performance next year. That's the focus now.”